Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) Sees Large Increase in Short Interest

Amplify Bloomberg AI Value Chain ETF (NYSEARCA:AIVC) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 940 shares, an increase of 154.7% from the January 15th total of 369 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 1,464 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 1,464 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Amplify Bloomberg AI Value Chain ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AIVC. Spire Wealth Management grew its stake in shares of Amplify Bloomberg AI Value Chain ETF by 23.4% during the third quarter. Spire Wealth Management now owns 1,053 shares of the company’s stock valued at $67,000 after acquiring an additional 200 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in Amplify Bloomberg AI Value Chain ETF by 177.2% in the second quarter. Osaic Holdings Inc. now owns 1,408 shares of the company’s stock valued at $75,000 after purchasing an additional 900 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Amplify Bloomberg AI Value Chain ETF during the 2nd quarter valued at approximately $64,000. Prime Capital Investment Advisors LLC purchased a new stake in Amplify Bloomberg AI Value Chain ETF during the 3rd quarter worth approximately $206,000. Finally, LPL Financial LLC increased its holdings in Amplify Bloomberg AI Value Chain ETF by 32.6% during the 4th quarter. LPL Financial LLC now owns 16,049 shares of the company’s stock worth $1,088,000 after purchasing an additional 3,950 shares during the last quarter.

Amplify Bloomberg AI Value Chain ETF Price Performance

NYSEARCA AIVC traded down $1.16 on Thursday, reaching $71.60. The company had a trading volume of 1,181 shares, compared to its average volume of 1,820. Amplify Bloomberg AI Value Chain ETF has a 1 year low of $35.69 and a 1 year high of $75.83. The firm has a 50-day moving average of $69.91 and a 200-day moving average of $65.33. The firm has a market capitalization of $35.80 million, a PE ratio of 21.80 and a beta of 1.07.

Amplify Bloomberg AI Value Chain ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 30th were issued a dividend of $0.116 per share. This represents a $0.46 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, December 30th.

About Amplify Bloomberg AI Value Chain ETF

The Amplify Bloomberg AI Value Chain ETF (AIVC) is an exchange-traded fund that is based on the Bloomberg AI Value Chain NR index. The fund is passively managed to invest in an equal-weighted portfolio of companies from around the globe engaged in cloud computing, AI hardware, and semiconductors. AIVC was launched on Mar 8, 2016 and is issued by Amplify Investments.